Bavijas Energy

In 2020 the United Nations (UN) reported that 2 billion hectares of the world’s land was degraded, affecting nearly half of the world's population, driving plant and animal species to extinction and worsening climate change. And we can only imagine what has happened between then (2020) and now.  However, one of the ways to protect the world's remaining land is simply to protect the world’s remaining forest areas or resources. In my country Nigeria, for instance, an estimated 1.5 million trees are felled daily, with its forests shrinking at an annual rate of 4%; though down from 5% recorded in 2015, according to Bavijas Energy Consulting. Which country are you from? What’s the forest situation in your country?  Let’s hear from you! (Bavijas)

Can you imagine a spaghetti takeout from a Lagos eatery rapped in a cocoyam leaf? However, just know that the taste of the pudding is in the eating, not the rapping. Globally, plastic waste is increasing at an alarming rate with the increase in human population, rapid economic growth, continuous urbanization, as well as lifestyle changes. This situation poses a waste management problem that sucks huge funds out of government coffers every year to address. Most of the world's waste plastics are untreated and end up as litter on the streets, in water channels, in landfills or in natural environments that provide a habitat for insects and rodents that may cause different types of diseases. From the 1950s to 2018, 6.3 billion tonnes of plastics were estimated to be produced worldwide, out of which only 9% were recycled and another 12% incinerated.  ( The Economist ) Lagos State, Nigeria’s smallest in area and most populous of 36 states, is experiencing a dire environmental problem wit

Globally, oil and gas development and production often require high capital expenditures (CAPEX), high technological expertise and the ability to manage investment risks. Oil companies that don't have the financial wherewithal to undertake such capital-intensive investments or projects will either bow out of the bidding process or adopt strategic approaches that could help them develop enough capabilities to overcome challenges waiting up front. Usually, two contractual arrangements are adopted to achieve this. One is a Joint Venture (JV), while the other is a Production Sharing Contract (PSC). What is a Joint Venture (JV)? A joint venture (JV) is a strategic equity-sharing agreement where two or more parties combine resources to execute an oil & gas transaction and mitigate the risk associated with the business. You may also call it a Joint Operating Agreement (JOA). Typically, the operators of a JV asset each have to contribute funds, in a proportionate degree, to develop the

French TotalEnergies,  one of the top  international oil and gas  companies  operating in Nigeria, on Tuesday ,  June 13, 2023 ,  revealed it has made a major oil find offshore Nigeria under the Oil Mining Lease (OML 102). The oil discovery, dubbed “Ntokon-1AX discovery” has the prospect of sustaining commercial  production  that would culminate in increasing Nigeria’s oil reserves which  have  been hovering around 37 billion barrels for many years now. NTOKON translates to Pepper in the language of the nearby locality of Akwa Ibom State. In a statement obtained by Vanguard, Total Energies is quoted to have said that NTOKON is located in shallow waters, 60 km off the southeast coast of Nigeria and is about 20 km from the  neighbouring  Ofon field facilities, still on OML102. Though  the  total volumes of oil found  aren't  clear yet, Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil. Planned to be developed through a tie-back to these

Nigeria’s Rural Electrification Agency, REA, has penned a Memorandum of Understanding with Oando Clean Energy Limited (OCEL) to deploy sustainable renewable energy systems across Nigeria. The Managing Director of the agency, Mr. Ahmad Salihijo-Ahmad revealed this in Abuja, the nation’s capital, and said the signing of the MOU would boost collaboration between the private sector and the government. Mr Salihijo-Ahmad explained that one of the best ways to mitigate the effects of subsidy removal in Nigeria is through the exploitation of opportunities to optimise the critical role of renewable energy. He expressed his delight over the REA – Oando partnership, saying that  “it will bring about mutually beneficial collaboration, knowledge exchange and experiences all targeted at achieving the common goal of optimising renewable energy in the country.” On his part, the Executive Director, Technical Services at the REA, Mr Barka Sajou while explaining the Agency’s shift in paradigm on the deli

The Manufacturers Association of Nigeria (MAN) is pressing for improved electricity supply to the manufacturing sector to reduce its burden in sourcing alternative power to remain in business. The association reported that expenditure on alternative energy source increased to N76.7 billion in the second half of 2022 from N45.04 billion recorded in the corresponding half of 2021; thus, indicating N31.66 billion or 70 per cent increase over the period. The inadequate electricity supply remains a huge challenge to manufacturers, accounting for their huge investment in self-energy generation, which stood at N76.7 billion in the second half of last year. Manufacturers’ cost of self-energy generation increased from N45.04 billion in the corresponding half of 2021, indicating N31.66 billion or 70 per cent increase over the period. According to MAN ‘Bi-annual Economic Review’ for the second half of 2022, it also increased by N8.9 billion or 13 per cent when compared with N67.8 billion recorded

  Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of about N10bn by the Nigerian National Petroleum Company Limited as the cost of lifting fuel from its ships,  The PUNCH  has learnt. The PUNCH  on Wednesday noticed that many filling stations in Lagos State were not selling products to the public. Sources at the depots told  The PUNCH  that depot owners were struggling to raise between N5b-N10bn to make new orders from the NNPCL. “NNPCL has enough stock in-country and we still buy from them pending when arrangements would be made for us to start ordering our products ourselves. Now, we have to raise about N10bn, some N5bn depending on the volume of the order to be able to access new products,” the sources said. He added that the amount was in addition to the payment already made before the increase in the price of petrol. The National Controller, Operations of the Independent Petroleum Marketers Association of Nigeria, Mi

  Constitutionally, May 29 (before being changed to June 12) was celebrated as Democracy Day in Nigeria and also often marks the onboarding of a new democratically-elected president in Nigeria. The date is sacrosanct. Today, regardless of whatever, HE Bola Ahmed Tinubu, GCFR is installed as the 16th head of state since 1960 and the 5th democratically- elected president of the Federal Republic of Nigeria since 1999. No doubt, he is a product of the most controversial and keenly contested presidential election in the country's history. Nevertheless, aggrieved parties are seeking legal redress in the Supreme Court hoping that the Apex Court do the right thing. While that seamless process to seek electoral justice is on, I call on you my brothers and my brothers, regardless of your state of origin, language, religion or creed to not lose faith in our country Nigeria but to continue to wish our country well in all her endeavours. As president, he is empowered by law to execute and enfor

One of Nigeria's major problems is policy implementation. And it tells us on the face wherever we go. Over the years, many laudable policies have been enunciated by successive governments, but the ugly paradox remains that only a few of them have been implemented. Even the few successful ones haven't been implemented to the hilt, in fact. It only shows how irresponsible governments in Nigeria can be when they formulate policies without following through. Of recent, the Petroleum Industry Act, Nigeria Energy Transition Plan, National Autogas Initiative, etc have been merely announced but they remain, as we speak, largely unattended to yet the government keeps bringing up new ones. Today, all over the country we are talking about the Nigeria Agenda 2050; a decade-long national economic policy plan which is aimed at significantly improving per capita income, increasing real GDP growth by 7 per cent, creating 165 million new jobs and reducing the number of people living in poverty

Our country Nigeria is going through a lot - politically and economically. And you know it. Nigeria has assumed a phase in nation-building - a historical moment when its citizens have become seemingly more aware of the age-long inner, selfish bidding that characterizes the attitude of corrupt public officeholders. This widespread social awareness has evoked a feeling of resentment toward what was before now the status quo. As the glamour for a change of government enters an unprecedented gear in Nigeria, the desire for a positive change in our economy remains sacrosanct.  A robust economy feeds its population, reduces unemployment, improves the standard of living, attracts investors, and drives industrialization.  As I always say, energy remains the fuel that drives industrialization and the economy. The economy grows as energy use grows. As of the year 2022, 759 million people lack access to consistent electricity in the world, and 2.6 billion people use dangerous and inefficient cook